Multi-Family
3,920
SQUARE FEET
Quadruplex
Type
1979
Built
Overview
This quadruplex in Lake Worth offers 3,920 square feet, and is listed for sale at $1,700,000 (about $434 per square foot). Built in 1979.
LAND LAND LAND – Exceptional value-add investment opportunity in the heart of Lake Worth! Situated on an oversized nearly 0.80-acre lot, this income-producing property offers tremendous upside potential for investors, developers, and portfolio builders – Ideal for easy conversion to four Starter houses for young couples. Positioned on one of the area’s largest residential parcels, the property provides ample room for future expansion, additional units, or redevelopment opportunities—potentially allowing occupancy to be doubled. All units have an additional “spare or flex” room good for an office or for a kid’s room! A unique feature of the property is the existing buried swimming pool, which may be restored and brought back to life, creating additional value and tenant appeal. Adding to the property’s long-term desirability, there are currently no future development plans for the lots directly north of the property, helping preserve privacy and open space. Conveniently located near I-95, Palm Beach International Airport, downtown Lake Worth Beach, and major employment centers, this property offers strong rental demand and excellent accessibility. Residents enjoy proximity to beautiful beaches, John Prince Park, golf courses, boating, shopping, dining, and entertainment. Walk to Kennedy Hospital and Broward Community College. Just minutes away, downtown Lake Worth Beach features vibrant restaurants, art galleries, live music venues, breweries, and year-round community events. The nearby Lake Worth Beach Municipal Golf Course, waterfront parks, fishing piers, and Atlantic Ocean beaches provide endless outdoor recreation opportunities. Whether you’re seeking immediate cash flow, future redevelopment potential, or a long-term hold in a rapidly growing Palm Beach County market, this property presents a rare opportunity with significant upside.
Property details
MLS #B26035010
Price$1,700,000
Size3,920 Square Feet
Year built1979
TypeQuadruplex
StatusFor Sale
Price / Square Feet$434
Features & amenities
Courtyard
Electrical Utility Available
Has Cooling System
Has Heating System
Has Pool
None
Room For Pool
Location
4537 Coconut Road, Lake Worth FL 33461
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